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Uniris, Biometric-Blockchain ID Solution, Lists Native Token UCO on Uniswap

Published: October 5, 2020

France, October 5, 2020 – Indo-French biometric ID startup, Uniris, is pleased to announce that it has successfully listed its Uniris Coin (UCO) on Uniswap, a decentralized exchange (DEX). Currently listed on three other centralized exchanges (CEX), and, the Uniswap listing is the project’s first foray into DEX territory.

“Uniris is committed towards building a truly decentralized world where both financial and non-financial transactions are possible without compromising individual liberty or privacy,” states Nilesh Patankar, Uniris Co-Founder and COO. “Similarly we are also committed to our community of investors, miners, “Unirisers” in general, and we strive to provide them with enough liquidity and global platforms that enable trade and investment. In this spirit, we are pleased to announce the listing of UCO on Uniswap, a truly decentralized global platform that delivers on both our commitments.”

Currently the biggest DEX on Ethereum, Uniswap has grown in leaps and bounds with the popularity of the DeFi (decentralized finance) movement. As the trading protocol passed the USD 2 Billion mark in total value locked (TVL) just this week, Uniswap presently surpasses the entire DeFi space in TVL.

Controlling your Data with the Tip of your Finger

The Uniris ID authentication solution is one based on biometrics and blockchain.

Based on an internal scan of the incredibly complex venous network of the finger, done on any authorized authentication device, unique individual keys are generated securely to decipher the decentralized keychain, after which they are not stored but deleted.

Since users fully control their credentials without needing permissions from centralized authorities, identities on this decentralized ID paradigm are self-sovereign. Users never have to hand over their identities and companies and organizations never have the burden of data protection, a definite win-win in this era of privacy and data protection woes.

Uniris Biometric ID Protocol: Outperforming Current Market Standards

The Uniris blockchain makes it possible to store, share and manage all the digital identities through smart contracts. Furthermore, transactions are ultra-fast, secure and implemented on an energy-efficient blockchain.

Backed by a powerful new consensus mechanism called ARCH Consensus (Atomic Rotating Commitment Heuristic) which has been built from scratch, the protocol outperforms the current market standards on multiple parameters like:

  • Ergonomics – A platform for all blockchain applications
  • Scalability – Performs more than 1 million transactions/sec
  • Speed – Ultra-fast, less than 5 seconds’ of validation time
  • Security – 0.0000001% risk of fraud even with 90% of malicious nodes
  • Sustainability – 3.6 Billion times less energy consumption than Bitcoin, 0.1% average translation costs

Officially Certified Solutions

The Uniris Public Blockchain and Uniris Biometric Authentication have been certified as forgery-proof authentication solutions without privacy disclosure by the French National Council of Industry.

Uniris will be playing a significant security role at major events such as the Olympic Games Paris 2024, Rugby World Cup 2023 and others, as it provides tamper-proof ID authentication to secure access.

The open-source protocol has been reported to be a favorite amongst researchers and developers from leading academic institutions such as CNRS, MIT and Ecole Polytechnique.

About Uniris

Uniris is a blockchain-based biometric ID authentication solution which allows users to take ownership of their personal identification data without loss of privacy. 4 years of research and 12 international patents later, Uniris breaks with precursor solutions by improving technology attributes in scalability, speed, security and sustainability.

Designed for mass adoption, Uniris is based on a new consensus of unbreakable ARCH (Atomic Rotating Commitment Heuristic) validation which allows an unlimited number of transactions. Using the venous network of the finger, Uniris embeds biometric, tamper-proof identification, validated over the blockchain, hence giving users control over their identities. Read the whitepaper to find out more.

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